Ether Machine scraps SPAC merger with Dynamix, citing market conditions

Ether Machine scraps SPAC merger with Dynamix, citing market conditions

0.74%LINK$8.78 2.81%DOGE$0.09121 1.94%ADA$0.2398 4.43%BTC$71,524 1.95%XLM$0.1514 1.40%SOL$82.19 2.79%XRP$1.33 1.29%BCH$425.44 3.64%ETH$2,214 1.37%HYPE$40.90 3.86%TRX$0.3215 0.88%BNB$593.18 2.32%USD Written by Amin Haqshanas,Staff WriterReviewed by Bryan O'Shea,Staff EditorEther Machine scraps SPAC merger with Dynamix, citing market conditions2 hours agoThe Ethereum treasury firm aimed to launch a $1.5 billion yield-bearing ETH fund but will now halt its plans following the mutual decision to end the deal. Ether Machine has called off its planned public debut after the Ethereum treasury-focused firm and Dynamix Corporation agreed to terminate their merger, citing deteriorating market conditions. In a Saturday post on X, Ether Machine said the decision to end the deal was mutual and effective immediately. The transaction had aimed to take the firm public through a merger with the Nasdaq-li

Source: https://cointelegraph.com/news/ether-machine-spac-ethm-cancelled-dynamix-merger?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound